Bitcoin price analysis: Breaks down of important support, but all's not lost yet

Singapore c-bank MAS turns up heat on ICOs..
King of cryptocurrencies, Bitcoin is trading in the red on the short term charts after breaking down of a critical support earlier in the week and is trading just below it. A bounce and some positive trigger is all that the bulls need to gain traction.BTC/USD is down about 0.5 percent at $7,423 and not far off from day's low of $7,375.39 hit earlier in the day.
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